The Whole Fresh Cow Milk Producing Population in South Korea stood at 200.23 thousand heads in 2023, marking a slight but consistent decline over the preceding years. The year-on-year variations for 2022 and 2023 were both -0.43%, while the compound annual growth rate (CAGR) over the last five years showed an average decrease of -0.5%. This declining trend has been observed since 2016, with few exceptions such as minor increases in 2014 and 2015.
The forecasted data from 2024 to 2028 continue to project a gradual decline in the cow milk-producing population, with an expected 5-year CAGR of -0.36%, translating to an overall forecasted decrease of -1.78% by 2028.
Future trends to watch for include the potential impacts of technological advancements in dairy farming, shifts in domestic and international dairy demand, and government policies supporting or hindering agricultural sectors. Additionally, environmental factors such as climate change and resource availability could influence the future dynamics of the cow milk-producing population in South Korea.
